Mass tort firms
Mass tort financing
A mass tort inventory is funded as a portfolio and read as a docket: the litigation, the court, the stage and the firm’s share. The request should describe all four.
Who this is for
Mass tort firm leadership and the finance leads who carry client acquisition and case development costs
Your job is to fund the front end of an inventory that pays out years later. A funder will read the litigation before it reads your cases. Knowing what it looks for in the litigation tells you how to describe the inventory.
- Mass torts36 to 84 mo
- Product liability24 to 48 mo
- Sexual abuse18 to 48 mo
- California wildfire24 to 60 mo
What mass tort financing is
Mass tort financing provides capital against an inventory of claims in one or more mass torts, usually in a multidistrict litigation. It can fund acquisition of claims, case development and common benefit assessments, and it is repaid from fees on resolved claims.
Criterica Capital prepares the portfolio request and sends it to independent funders. Each decides on its own.
What the funder reads in a mass tort portfolio
The litigation first: the court, the transferee judge, the stage and the calendar of bellwether trials. Then the inventory: the number of signed and documented claims, the claim characteristics that matter in that litigation and the firm’s share of the whole. Then the firm’s own record on funded inventories.
The court record supplies the litigation reading, including the docket history and the pace at which comparable litigations have moved. The firm supplies the inventory and its history.
How to prepare the portfolio request
Describe each litigation separately: the docket number, the claims held, their documentation status and the firm’s role. State what has been spent and what the capital will fund. Keep litigations apart in the schedule so the funder can accept some and decline others.
How to read this
The bands describe how each case type has commonly resolved. Each litigation runs on its own calendar, and the funder reads the docket for the one it is asked to fund.
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Questions readers ask
What is mass tort financing?
Capital provided against an inventory of claims in one or more mass torts, usually in a multidistrict litigation. It can fund claim acquisition, case development and common benefit assessments.
What does a funder read in a mass tort portfolio?
The litigation first, including the court, the judge, the stage and the bellwether calendar, then the inventory, then the firm’s record on funded inventories.
Can a funder accept part of a portfolio?
Yes. Describing each litigation separately in the schedule lets a funder accept some and decline others, and each funder decides on its own.
Next step
Put your docket in front of the right funders.
Send a firm request. It is priced from court records and private settlement data and prepared for independent funders. Independent funders each decide on their own.
Start a firm requestRelated reading
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